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ON Semiconductor Gains 8% on S&P 500 Addition
2022.06.06 14:12
ON Semiconductor (ON) Gains 8% on S&P 500 Addition
ON Semiconductor Corporation (NASDAQ:ON) is gaining 8% in pre-open trading Monday after being added to the S&P 500.
ON will replace IPG Photonics Corp. (NASDAQ:IPGP) in the S&P 500.
The change will be effective prior to the open of trading on Tuesday, June 21, (post-close on Friday, June 17) to coincide with the quarterly rebalance.
ON Semiconductor is a semiconductor company focused on automotive and industrial end markets.
